Aditya Birla Fashion and Retail Ltd
NSE:ABFRL

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Aditya Birla Fashion and Retail Ltd
NSE:ABFRL
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Price: 58.85 INR 1.24% Market Closed
Market Cap: ₹71.6B

Aditya Birla Fashion and Retail Ltd
Investor Relations

Aditya Birla Fashion and Retail Ltd. (ABFRL) stands as one of India's foremost retail giants, an embodiment of both style and strategic enterprise. It emerged from the merger of Aditya Birla Group's key apparel businesses, including Pantaloons Fashion & Retail and Madura Fashion & Lifestyle. This consolidation brought together a portfolio of diverse and well-known brands such as Louis Philippe, Van Heusen, Allen Solly, and Peter England, all operating under the ABFRL umbrella. The company's strength lies in its robust brand equity and its ability to interpret and articulate evolving fashion trends to cater to diverse segments in the market. It curates its offerings by focusing on contemporary designs, appealing to an evolving demographic that is increasingly fashion-conscious.

ABFRL's business model hinges on a multi-channel retail strategy, blending offline and online platforms to maximize consumer reach. It operates a vast retail network comprising exclusive brand outlets (EBOs), department store chains, and multi-brand outlets. On the digital frontier, it has strategically invested in enhancing its e-commerce capabilities to adapt to the growing online retail trend. The company earns revenue through both direct sales of its branded clothing and through franchise models, where it partners with local entrepreneurs to expand its footprint. By leveraging its comprehensive supply chain, keen insights into consumer behavior, and continuous brand innovation, it ensures a compelling offering, thus securing a significant share in the competitive fashion marketplace.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 6, 2026
AI Summary
Q3 2026

Revenue Growth: ABFRL reported Q3 revenue of INR 2,374 crores, up 8% year-on-year, despite festive and sales period shifts impacting reported numbers.

Margin Expansion: Overall EBITDA margin improved to 15.6% from 14.9% last year, with notable 350 bps expansion in the ethnic segment to 22.7%.

Profitability: Reported a net loss of INR 141 crores, including a one-time labor cost; normalized loss was INR 115 crores versus INR 103 crores last year.

Strong New Businesses: All new businesses delivered over 20% growth, with particular strength in ethnic and digital brands.

Pantaloons Strategy: Ongoing premiumization and merchandising changes showing early positive signs; like-to-like sales up 3% after adjusting for timing shifts.

Store Network: Added 50 new stores in Q3, reaching 1,226 stores and 7.7 million sq ft total area.

Guidance: Pantaloons targets mid- to high single-digit LTL growth and double-digit total growth going forward; store expansion to resume after period of rationalization.

Cash Position: Maintained gross cash of around INR 2,100 crores as of December 2025; net cash at INR 600 crores consolidated.

Key Financials
Revenue
INR 2,374 crores
EBITDA Margin
15.6%
Ethnic Business EBITDA Margin
22.7%
Loss
INR 141 crores
Normalized Loss
INR 115 crores
Gross Cash
INR 2,100 crores
Net Cash (Consolidated)
INR 600 crores
Store Count
1,226 stores
Retail Area
7.7 million sq ft
Pantaloons Revenue
INR 1,276 crores
Pantaloons Margin
18.2%
Pantaloons Like-to-Like Growth
3%
OWND Revenue Growth
54% YoY
OWND Store Count
67 stores
Ethnic Business Revenue
INR 703 crores
Ethnic Business LTL
10%
Tasva Revenue Growth
26% YoY
Tasva LTL Growth
8% in Q3; 20% YTD
Tasva Store Count
85 stores
TCNS Store Count
480 stores
TCNS LTL Growth
8% in Q3; 10% YTD
TMRW Revenue Growth
29% YoY in Q3; 31% YoY for 9M
TMRW Annual Revenue Run Rate
INR 1,100 crores
Collective & Mono Brands Revenue Growth
16% YoY
Collective & Mono Brands Store Count
49 stores
Galeries Lafayette Store Size
90,000 sq ft
YTD Revenue
INR 6,187 crores
YTD EBITDA
INR 655 crores
YTD EBITDA Margin
10.6%
CapEx (9M)
INR 300 crores
Other Earnings Calls

Management

Mr. Ashish Dikshit
MD & Executive Director
No Bio Available
Mr. Vishak Kumar
Whole-Time Director and CEO of Madura Fashion & Lifestyle
No Bio Available
Ms. Sangeeta Tanwani
CEO of Pantaloons & Whole-Time Director
No Bio Available
Mr. Anil Kumar Malik IAS
President, Company Secretary & Compliance Officer
No Bio Available
Mr. Jagdish Bajaj
Chief Financial Officer
No Bio Available
Mr. Praveen Shrikhande
Chief Digital & Information Officer
No Bio Available
Ms. Sneha Kanukolanu
Head of Marketing
No Bio Available
Dr. Naresh Tyagi
Chief Sustainability Officer
No Bio Available
Mr. Sathyajit Radhakrishnan MBA
Chief Executive Officer of International Brands
No Bio Available
Mr. Puneet Kumar Malik
Chief Executive Officer of Innerwear & Athleisure Business
No Bio Available

Contacts

Address
MAHARASHTRA
Mumbai
701-704, 7th Floor,, Skyline Icon, 86-92,, Off A.K. Road, Andheri (East)
Contacts
+918652905000
www.abfrl.com
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